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Mr Hollande has rejected advance talk of shock economic treatment and called for a "pact on increased competitiveness" to be negotiated by unions and employers.
European economist Ben May writes: Our central view is that for the peripheral economies' competitiveness to be restored over the next five years, while the rest of the eurozone continued to inflate gently, prices (as measured by the GDP deflator) would need to fall by about 23% in Greece, 12% in Italy and 6% in Spain and Portugal.
We call for competitiveness to be further underlined by the market.
At the current juncture, and in contrast to the prevailing view, we find US price competitiveness to be above and China's price competitiveness to be below its derived benchmark.
Williams sees in Yarnold the same raw desire and competitiveness to be the best, stretching back to their early days in the gym together.
Englander: In the eurozone, the adjustment comes by incomes shrinking, which brings down borrowing levels [as business can't afford to borrow for expansion and hiring.] This process is very painful, because it takes much longer for competitiveness to be restored.
Similar(46)
God, I'd just like this [our competitiveness] to be the next thing.
For a marathoner, though, competitiveness tends to be directed inward.
Several governments are wary of eroding employment rights – the British letter stated that competitiveness had to be balanced by "proper protection" of social, health, consumer and environmental standards.
Once you've put a hole in the multilateral system – and Brexit does that – your competitiveness has to be defined differently.
They are well aware of the level of competitiveness required to be successful in their fields.
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